This page reflects PVLA options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Aug 18, 2026 close
Max Pain — PVLA
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $140.00 (10.42 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$140.00
Nearest expiry
Expected Move
±$7.40
±4.9%
Days to Expiry
3
Calendar days
Total Call OI
1,841
Nearest expiry
Total Put OI
354
Nearest expiry
P/C OI Ratio
0.19
Put-heavy
Spot Price
$150.42
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-08-21
Expiration
Max Pain Strike
Last Updated
2026-06-18
$100.00
6/18/2026, 11:30:06 PM
2026-07-17
$100.00
7/17/2026, 11:33:52 PM
2026-08-21NextUpdated
$140.00
8/18/2026, 11:28:22 PM
2026-09-18
$150.00
8/18/2026, 11:28:22 PM
2026-11-20
$140.00
8/18/2026, 11:28:22 PM
2027-02-19
$105.00
8/18/2026, 11:28:22 PM
Selected expiration: 2026-08-21 at max pain $140.00.
PVLA pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
50
0
2792000
2792000
60
0
2438000
2438000
65
0
2261000
2261000
70
0
2096500
2096500
75
500
1932000
1932500
80
1000
1767500
1768500
85
1500
1603000
1604500
90
2500
1438500
1441000
95
8000
1274000
1282000
100
16000
1110000
1126000
105
26000
973000
999000
110
38000
838000
876000
115
60000
703500
763500
120
82000
584000
666000
125
104500
477500
582000
130
128500
381000
509500
135
168500
286000
454500
140
221000
204000
425000
145
309500
127000
436500
150
407000
56500
463500
How to Read Max Pain
Compare pin-risk and strike-pressure across expirations from the latest published close.
What max pain measures
Max pain is the strike where option holders would collectively lose the most at expiration, based on open interest across the listed chain.
How traders use it
It is most useful as a possible pinning zone, especially when spot is already trading near a crowded strike into expiration.
What can break it
Strong directional flows, news, or fast spot moves can overwhelm any pinning tendency, so max pain should support a thesis rather than drive it alone.
The closer you are to expiration, the more useful this becomes as context and the less useful it is as a standalone prediction.